Gayle Anderson was live in Lynwood at VIA TRADING, a company that specializes in the sales of closeouts, overstocks, liquidations, and customer returns. The company's 240,000 sq. ft. warehouse sells some of the best closeout merchandise obtained from retailer overstock, manufacturer liquidations, insurance companies, and bankruptcies.
Many of the items they carry are NOT in new condition. That's because most department stores or large stores have "programs" which help them liquidate their "salvage" goods. Such programs are commonly called "Salvage Program", "Liquidation Program", "Asset Recovery", "Reverse Supply Chain Management", etc. Basically all department stores will 'salvage' items which they choose to no longer sell in their stores. These goods will include customer returns, shelf-pulls, mark-down items, out-of-season, discontinued items, in-store display items, overstocks etc.
All goods are sold "AS IS" and all Sales are FINAL. There is no guarantee or warranty, express or implied and without limitations, of merchandise fitness or marketability.
No Exchanges, Refunds or Credits. Having said that, the company says it will do its' best to manifest as accurately as possible our pallets, or explain as accurately as possible what, to the best of our knowledge and beliefs is included in each load/pallet. If for example you purchased an electronics load, and you received clothing, then VIA TRADING will compensate you.
Re-selling department store returns is NOT for everyone. This is not a "get rich quick" opportunity. According to VIA TRADING, payoffs are high for those prepared to work hard and put effort in their purchases in order to create the highest possible return on investment. VIA TRADING officials say, if you are not prepared to test items do not purchase; if you are not prepared to repair items do not purchase; if you only want to deal with 100% retail ready items do not purchase; if you are not prepared to expect a percentage of items to be out of box, defective, cosmetically blemished, etc. do not purchase. The company says if you are prepared to test, fix, clean, cannibalize, be creative in sales, open new sales channels in order to get the most revenue back when needed then purchase. Purchasing returns is not for everyone and it generally involves more work and resources then purchasing brand new items.
VIA TRADING claims thousands of people buy daily and sell items part-time or full-time and earn a nice chunk of change.
Via Trading Corporation
2520 Industry Way
Lynwood, CA 90262
Toll Free: 1-877-202-3616
Electronic mail: sales@ViaTrading.com
What happens to unsold merchandise? According to an article that you can find at the website www.salon.com, "Meltdown 101: What happens to unsold merchandise?" by VINNEE TONG Associated Press Writer, VIA TRADING is one of several companies among them www.liquidation.com.
Q: Where does it all go?
A: Liquidity Services Inc. CEO Bill Angrick, whose company operates Liquidation.com, said merchandise at traditional retail outlets can end up unsold for a number of reasons. Manufacturers can be stuck with it because orders were canceled, merchandise gets returned by customers, and other items, of course, just sit on store shelves unsold until managers decide to pull them (called a "shelf-pull" in the business). Retailers and suppliers divert the merchandise to a number of places: discount stores such as TJ Maxx and Marshalls, outlet malls, boutique retailers that buy from wholesalers, and Web sites like Overstock.com.
Q: Are shoppers likely to get even more to choose from in January?
A: A number of retailers have filed for Chapter 11 bankruptcy -- from Linens 'N Things to Circuit City Stores Inc. and Steve & Barry's LLC. Experts predict that January will bring even more filings. That should bring going-out-of-business sales, which means even more discounted goods.
Q: What happens to merchandise that even the discounters can't sell? Does it get dumped in landfills?
A: Generally there is strong demand for unsold merchandise from American retailers in many export markets. Some liquidators find a place for overflow goods in Latin America, North Africa and parts of the Middle East.
Another option is to give the goods to charity. And yes, some merchandise might end up in landfills, but only as a last resort.
For a list of other companies that are members of the INTERNATIONAL/INTERNET MARKETING ASSOCIATION OF SURPLUS DEALERS selling surplus and overstock merchandise, check out the website: www.suplus.net/directory
If you want to do more research on this subject, contact Robert C. Potter, a wholesale and retail surplus products specialist. He is the author of "The Ultimate Guide To Products For Resale!" Over 300 Wholesale & Surplus Supply Sources For Ebay Auction Sellers, E-Commerce Websites, Flea Market Vendors, and Retail Store Owners! You can find his 160 page ebook at: www.productsforresale.com
While we're on the subject of managing your money for the month of January, consider the following:
*See where you stand first. Get your credit report for FREE by contacting www.annualcreditreport.com
*Get your FICO Score. From the interest rate and features you are offered on a credit card to your ability to qualify for a mortgage, your FICO® score plays a large part in the bank's decision making process. A good score can have banks competing for your business when you apply for a loan. A bad score may mean that you won't qualify for your auto, mortgage or credit card - or if you do, you may only be offered high rates which will cost you extra money each month.
Knowing your FICO score is the first step toward understanding your credit picture. There is a $16.00 fee for obtaining this information. For details visit the website: www.myfico.com
*Have a savings plan! You've heard it before: Pay yourself first! If you wait until you've met all your other financial obligations before seeing what's left over for saving, chances are you'll never have a healthy savings account or investments. Resolve to set aside a minimum of 5% to 10% of your salary for savings BEFORE you start paying your bills. Better yet, have money automatically deducted from your paycheck and deposited into a separate account. ( Courtesy: About.com/Financial Planning )